Douglas N. Benham Purchases 3,286 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director Douglas N. Benham bought 3,286 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $37.75 on Thursday. The company has a market capitalization of $13.95 billion, a PE ratio of 39.32, a P/E/G ratio of 3.29 and a beta of 0.78. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The company has a 50-day simple moving average of $37.54 and a 200-day simple moving average of $37.56. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.75%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC increased its position in American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 310 shares in the last quarter. Creative Planning increased its position in American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 330 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in American Homes 4 Rent by 2.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 357 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in American Homes 4 Rent by 3.3% in the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 478 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMH shares. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. UBS Group increased their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.56.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.